Slide 1: Results of mBank Group – Q2 2025
Results of mBank Group – Q2 2025 Another quarter of dynamic loan growth Presentation for the market, 31.07.2025
Slide 2: Agenda
AGENDA Key financial and business highlights for H1 2025 Overview of the results development in Q2 2025 Update on Poland’s macroeconomic situation and outlook Investor Presentation | Q2 2025 2
Slide 3: Key highlights in mBank Group in H1 2025
Key highlights in mBank Group in H1 2025 Dynamic expansion Outstanding financial Strengthened capital Lower legal risk costs of business volumes performance driven base and issuance related to FX mortgage and market shares by high revenues and of Tier 2 to pave loans amid reduced on upward trajector
Slide 4: New lending business
Results of mBank Group after H1 2025 – New lending business Higher sales of mortgage and consumer loans, along with solid corporate credit origination Sales of mortgage loans Sales of non-mortgage loans Sales of corporate loans PLN million PLN million PLN million mBank PL mBank CZSK mBank PL mBank C
Slide 5: Loans to customers
Results of mBank Group after H1 2025 – Loans to customers Faster-than-market growth of loan portfolio in both corporate and retail business segment Development of mBank Group’s gross loans Market shares in loans PLN million in Poland households enterprises +9% total loans w/o FX total loans +4% ∆ Qo
Slide 6: Customer deposits
Results of mBank Group after H1 2025 – Customer deposits Expansion of deposit base fuelled primarily by inflows to retail transactional accounts Development of mBank Group’s deposits Market shares in deposits PLN million in Poland households enterprises +10% total deposits total deposits +3% ∆ QoQ ∆
Slide 7: Total income and margin
Results of mBank Group after H1 2025 – Total income and margin Positive revenue trajectory thanks to rising net interest income and stronger net fees Development of mBank Group’s total income Development of net interest margin PLN million quarterly data, excluding impact of “credit holidays” +7.1% +
Slide 8: Total costs and efficiency
Results of mBank Group after H1 2025 – Total costs and efficiency Excellent efficiency level upheld by cost discipline despite accelerated amortisation Development of mBank Group’s operating costs Development of Cost/Income ratio PLN million quarterly data +15.4% 33.9% excluding +10.8% +X.X% 1,926.5
Slide 9: Credit losses and cost of risk
Results of mBank Group after H1 2025 – Credit losses and cost of risk A decline of risk costs due to lower credit provisioning for the corporate exposures Net impairment losses and fair value change on loans Development of cost of risk PLN million quarterly data, basis points (bps) +34.4% Dynamics f
Slide 10: Net result and profitability
Results of mBank Group after H1 2025 – Net result and profitability Reported net profit improved, with core operations revealing the underlying strength Development of mBank Group’s net profit Development of return on equity (ROE) PLN million quarterly data +2.5% 42.5% 2,815.7 39.4% 2,746.9 36.1% 34
Slide 11: Capital position
Results of mBank Group after H1 2025 – Capital position Significant capital surplus over regulatory minima enabling further business expansion Own funds and their components Total risk exposure amount mBank Group’s capital ratios PLN million PLN million compared to regulatory requirement CET1 capita
Slide 12: Legal risk of CHF portfolio
Results of mBank Group after H1 2025 – Legal risk of CHF portfolio Continued progress with settlements, declining number of new and pending court cases Settlements concluded by mBank New CHF-related court cases CHF loan contracts in court with CHF borrowers, cumulative number number of contracts ent
Slide 13: Legal risk of CHF portfolio
Results of mBank Group after H1 2025 – Legal risk of CHF portfolio Effective management of CHF portfolio allowed to further reduce balance sheet risks Value of CHF mortgage loans Decomposition of CHF loan contracts at mBank granted to natural persons, PLN million, net number of contracts, as of 30.0
Slide 14: mBank outperformed all financial targets set in the current strategy
mBank outperformed all financial targets set in the current strategy Strategic financial targets of mBank Group for 2023-2025 compared to the reported results strategic measure target level execution in H1 2025 supported by high ✓ Efficiency [in 2025] Cost/Income ratio (C/I) below 40% 30.9% interest
Slide 15: Key take-aways after H1 2025
Key take-aways after H1 2025 We delivered: dynamic growth of net loan portfolio and deposit base (both by +10% YoY) in both client segments, translating into market share improvement higher reported net profit and ROTE above 20%, thanks to strong core revenues, best-in-class cost efficiency and cont
Slide 16: Agenda
AGENDA Key financial and business highlights for H1 2025 Overview of the results development in Q2 2025 Update on Poland’s macroeconomic situation and outlook Investor Presentation | Q2 2025 16
Slide 17: Summary of financial results in Q2 2025: Profit and Loss Account
Summary of financial results in Q2 2025: Profit and Loss Account PLN million Q2 2024 Q1 2025 Q2 2025 ∆ QoQ ∆ YoY Net interest income 2,164.7 2,438.7 2,497.2 +2.4% +15.4% Net fee and commission income 491.2 503.1 582.1 +15.7% +18.5% Net trading and other income 234.6 88.1 117.9 +33.8% -49.7% Total in
Slide 18: Summary of financial results in Q2 2025: Balance Sheet
Summary of financial results in Q2 2025: Balance Sheet PLN million Q2 2024 Q1 2025 Q2 2025 ∆ QoQ ∆ YoY Total assets 230,296 246,068 256,176 +4.1% +11.2% Gross loans to customers 124,960 131,434 136,677 +4.0% +9.4% Individual client loans 67,417 71,546 74,120 +3.6% +9.9% Corporate client loans 1 52,6
Slide 19: mBank's inaugural issuance of subordinated Tier 2 bonds in EUR
mBank’s inaugural issuance of subordinated Tier 2 bonds in EUR Transaction details Distribution by investor location Type of notes Tier 2 Subordinated United Kingdom & Ireland 6% France Issue size EUR 400 million 6% 2% DACH countries Tenor 10.25NC5.25 4% 38% BeNeLux 6% Issue rating BB+ (S&P) / BB+ (
Slide 20: Outlook for mBank Group for 2025
Outlook for mBank Group for 2025 We expect: total revenues to be above the level reported for 2024 and exceed PLN 12 billion 1 capital and MREL buffers to be sound thanks to strong profit generation, along with Tier 2 issuance and new securitization transaction both corporate loans and retail credit
Slide 21: Agenda
AGENDA Key financial and business highlights for H1 2025 Overview of the results development in Q2 2025 Update on Poland’s macroeconomic situation and outlook Investor Presentation | Q2 2025 21
Slide 22: Macroeconomic situation in Poland: GDP growth, inflation, rates
Macroeconomic situation in Poland: GDP growth, inflation, rates Consumption growth is likely to pick up somewhat Unemployment rate (still) very low 20 12% 10 10% 0 8% -10 6% -20 4% -30 -40 2% Source: GUS Source: GUS -50 0% Jan.16 Jan.17 Jan.18 Jan.19 Jan.20 Jan.21 Jan.22 Jan.23 Jan.24 Jan.25 Jan.16
Slide 23: Macroeconomic situation in Poland: financial markets
Macroeconomic situation in Poland: financial markets Corporate loans and deposits (YoY, FX-adjusted) Household loans and deposits (YoY, FX-adjusted) 30% 14% Source: NBP 12% Source: NBP 25% 10% 20% 8% 15% 6% 10% 4% 5% 2% 0% 0% -2% -5% -4% -10% -6% Jan.13 Jan.14 Jan.15 Jan.16 Jan.17 Jan.18 Jan.19 Jan.
Slide 24: Macroeconomic forecasts and outlook for Poland
Macroeconomic forecasts and outlook for Poland Key economic indicators for Poland Main factors driving the performance in 2025 2022 2023 2024 2025F 2026F ▪ GDP growth in Poland is expected to reach 3.8%, GDP growth (YoY) 5.3% 0.2% 2.9% 3.8% 3.5% which should be a decent number without Domestic deman
Slide 25: Appendix
Appendix 25
Slide 26: Consolidated Profit and Loss Account – quarterly
Consolidated Profit and Loss Account – quarterly Quarterly results (PLN thou.) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Net interest income 2,164,656 2 571,355 2,512,930 2,438,716 2,497,238 Net fee and commission income 491,227 499,244 497,286 503,086 582,143 Dividend income 6,194 4,944 146 468 7,561
Slide 27: Consolidated Statement of Financial Position – quarterly
Consolidated Statement of Financial Position – quarterly Assets (PLN thou.) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Cash and balances with Central Bank 21,707,034 25,893,176 36,680,926 16,722,455 20,796,566 Loans and advances to banks 11,577,948 17,503,613 9,738,457 18,791,826 19,280,968 Trading sec
Slide 28: mBank Group's financial ratios – quarterly and cumulatively
mBank Group’s financial ratios – quarterly and cumulatively Key financial ratios Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Net Interest Margin, quarterly 4.44% 4.31% 4.27% 4.23% 4.12% Net Interest Margin, YtD 4.41% 4.37% 4.35% 4.23% 4.18% Net Interest Margin, excl. CHF portfolio, YtD 4.46% 4.43% 4.39%
Slide 29: Quarterly results – Net interest income
Quarterly results of mBank Group – Net interest income Structure of mBank Group’s interest income Structure of mBank Group’s interest expense PLN million PLN million asset funding 6.6% 6.5% 6.4% 6.2% 6.0% yield 2.3% 2.4% 2.3% 2.2% 2.1% costs +1.9% -0.7% Presented development is adjusted for the impa
Slide 30: Quarterly results – Net fees and commissions
Quarterly results of mBank Group – Net fees and commissions Structure of mBank Group’s fee and commission income Structure of mBank Group’s fee and commission expense PLN million PLN million The fee result in Q2/25 included an upfront income of PLN 43 million from new contracts signed with UNIQA +15
Slide 31: Loan portfolio quality
Selected Financial Data – Loan portfolio quality mBank Group’s impaired loans portfolio mBank Group’s NPL ratio PLN million 4.3% NPL ratio 4.1% 4.1% according to EBA -10.2% 3.8% definition has 3.5% remained -4.2% considerably 5,346 5,194 below 5% 5,093 5,013 4,801 130 101 89 84 80 06/24 09/24 12/24
Slide 32: Balance sheet analysis
Selected Financial Data – Balance sheet analysis Structure of mBank Group’s total assets Structure of mBank Group’s liabilities and equity PLN billion PLN billion 256.2 256.2 246.0 246.1 246.0 246.1 238.6 28.3 11% 238.6 19.5 8% 230.3 24.6 230.3 17.8 18.5 4% 15.3 11.1 32.9 44.0 14.6 9.5 2.7 11.3 3.6
Slide 33: Structure of loans and deposits
Selected Financial Data – Structure of loans and deposits Structure of mBank Group’s gross loans, by client segment and industry Structure of mBank Group’s deposits 30.06.2025 30.06.2025 Real estate 5.3% 0.1% Building industry 4.4% 0.4% Financial activities 4.4% 17.7% 11.8% Food sector 2.6% 21.5% Po
Slide 34: Funding profile
Selected Financial Data – Funding profile Structure of mBank Group’s funding Summary of mBank’s long-term funding instruments 30.06.2025 30.06.2025 (without covered bonds issued by mBank Hipoteczny) Nominal Issue Maturity Currency Tenor Coupon value date date Other Subordinated liabilities 4.7% NPS
Slide 35: Capital requirements and liquidity
Selected Financial Data – Capital requirements and liquidity Regulatory capital requirements for mBank Group 30.06.2025 Countercyclical Capital Buffer (CCyB), calculated as the weighted average of the CCyB rates that apply in the countries where the relevant credit exposures are located. +3.93 pp Sy
Slide 36: Fulfilment of MREL requirements
Selected Financial Data – Fulfilment of MREL requirements Development of mBank Group’s MRELTREA ratio Development of mBank Group’s MRELTREA Subordinated ratio +5.19 +5.13 23.58% 24.05% 24.73% 23.19% 23.69% 22.73% 22.50% 23.10% 21.70% 21.88% 18.50% 16.75% 3.14% 3.14% 15.36% 13.61% 06/24 09/24 12/24 0
Slide 37: Overview of customer activity and process digitalisation
Overview of customer activity and process digitalisation Users of mobile application Users of PFM functionalities Monthly active users (MAU) Corporate clients number of active users logging number of unique users, number of users performing number of customers serviced into every month, thousand tho
Slide 38: A leading mobile banking offer for individual clients
A leading mobile banking offer for individual clients Well-designed functionalities for client convenience Mobile application’s dashboard and basic features fully remote account opening with e-ID or a selfie and agreement approved via a text message easiest way to manage logging in and confirmation
Slide 39: Retail Banking – profit and network
Retail Banking – profit and network Profit before income tax of the segment Number of Retail Service Locations mBank CZSK PLN million -5 mBank CZSK Poland +2% mFinanse1 excluding impact 351 352 346 +17% +17% of "credit holidays“ 45 45 42 mKiosks 1,173.2 1,187.2 1,201.4 41 40 40 1,067.6 1,026.1 52.7
Slide 40: Retail Banking – business volumes
Retail Banking – business volumes Development of gross loans to retail banking clients Development of deposits from retail banking clients PLN million PLN million +9.9% +11.1% +3.6% +2.8% 74,120 144,402 148,458 70,589 71,546 142,248 69,700 137,421 296 340 67,417 133,583 259 275 293 24,313 17% 24,753
Slide 41: mBank in the Czech Republic and Slovakia
mBank in the Czech Republic and Slovakia Gross loans and share in total mBank’s retail volume Deposits and share in total mBank’s retail volumes PLN million PLN million 13.1% 12.0% +9% +7% +5% +4% 8,946 8,994 9,153 9,242 9,737 16,631 16,910 17,033 17,051 17,806 3,180 4,377 4,286 4,324 4,276 4,472 2,
Slide 42: mBank in the Czech Republic and Slovakia
mBank in the Czech Republic and Slovakia Mortgage loans Non-mortgage loans Customer deposits Czech Republic CZK million CZK million CZK million 0% +29% +8% physical network: +2% light +5% +2% 8 branches financial 6 23,023 22,419 22,914 centres 13,615 14,323 72,159 76,201 77,769 11,125 14 mKiosks 06/
Slide 43: Best digital banking services for corporate clients
Best digital banking services for corporate clients First-class digital banking offer for companies Mobile application’s dashboard and basic features ▪ option to activate the app entirely digital onboarding process, with a QR code with no in-person contact and printouts required ▪ possibility to log
Slide 44: Corporate & Investment Banking – profit and network
Corporate & Investment Banking – profit and network Profit before income tax of the segment Number of corporate service locations – 30.06.2025 PLN million 2 2 Pomorskie 1 2 -10% 2 Zachodnio- Warmińsko- Mazurskie Pomorskie 1 1 Result in Q2/24 was supported by 2 1 a refund of loan collection costs +20
Slide 45: Corporate & Investment Banking – business volumes
Corporate & Investment Banking – business volumes Development of gross loans to corporates and public sector Development of deposits from corporates and public sector PLN million PLN million +8.7% +6.1% +4.5% +1.9% 62,556 58,561 57,266 59,888 56,079 1,299 56,215 57,543 57,803 53,949 1,360 1,032 7,04
Slide 46: Performance of main subsidiaries of mBank
Performance of main subsidiaries of mBank specialised mortgage bank offered financing in the form of offered services include and active issuer of covered leasing of cars, trucks, machinery domestic and export recourse bonds on both domestic and real estate as well as car and non-recourse factoring
Slide 47: ESG is well embedded in mBank Group's strategy (1/2)
ESG is well embedded in mBank Group's strategy (1/2) 1 Environmental pillar ESG ratings Reducing greenhouse gases (GHG) emissions of our loan portfolio, steered by SBTi as the most prominent driver to become net-zero ▶ transform our loan portfolio to reach net-zero by 2050 Partnering with our client
Slide 48: ESG is well embedded in mBank Group's strategy (2/2)
ESG is well embedded in mBank Group's strategy (2/2) Social pillar Governance pillar Providing an attractive work environment that ensures Enhancing our corporate governance by ESG aspects diversity, equity and inclusion ▶ ensure gender balance in the succession program ▶ have all TOP 100 managers (
Slide 49: Historical financial results of mBank Group
Historical financial results of mBank Group PLN million 2020 2021 2022 2023 2024 ∆ YoY Net interest income 4,009.3 4,126.3 5,924.0 8,873.5 9,589.0 +8.1% Net fee and commission income 1,508.3 1,867.8 2,120.1 1,915.9 1,971.9 +2.9% Net trading and other income 349.2 117.1 -187.2 12.9 446.0 +3345% Total
Slide 50: Information about mBank's shares on the stock exchange
Information about mBank's shares on the stock exchange mBank’s index membership and weights mBank’s share price performance v. main indices (rebased to 100) as of 30.06.2025 140 mBank’s share price WIG20 2.786% 135 30.06.2024 637.0 WIG30 2.686% 130 MIN (28.11.2024) 530.0 125 MAX (24.04.2025) 868.6 n
Slide 51: Disclaimer
Disclaimer This presentation has been prepared by mBank S.A. for information purposes only and is based on the Condensed Consolidated Financial Statements for the first half of 2025, prepared under the International Financial Reporting Standards. For more detailed information on mBank S.A. and mBank
Slide 52: Contact details
Contact details Karol Prażmo Managing Director for Treasury and Investor Relations +48 607 424 464 karol.prazmo@mbank.pl Joanna Filipkowska Head of Investor Relations +48 510 029 766 joanna.filipkowska@mbank.pl Paweł Lipiński +48 508 468 023 pawel.lipinski@mbank.pl mBank’s Investor Relations at your